William & Flora Hewlett Foundation
- Assets
- $12.8b
- Revenue
- $652.1m
- Investments
- $12.7b
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 03/1968
- Data as of
- 12/2022
- EIN
- 94-1655673
Organization Overview
William & Flora Hewlett Foundation is located in Menlo Park, CA. The organization was established in 1968. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William & Flora Hewlett Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, William & Flora Hewlett Foundation generated $652.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $655.0m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, William & Flora Hewlett Foundation has awarded 19,640 individual grants totaling $6,013,992,354. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
SEE PAGE 20 (SUMMARY OF ALL DIRECT CHARITABLE ACTIVITIES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mariano-Florentino Cuellar Chair | 3 | $0 | |
Flora Hewlett Birdzell Director | 2 | $0 | |
Alecia Decoudreaux Director | 2 | $0 | |
Persis Drell Director | 2 | $0 | |
Eric Gimon Director | 2 | $0 | |
Billy Hewlett Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pricewaterhousecoopers Llp | 12/30/22 | $770,811 |
Slalom Llc | 12/30/22 | $2,349,783 |
Apc Workforce Solutions Llc | 12/30/22 | $717,812 |
Evercore Group Llc | 12/30/22 | $1,717,319 |
Dalberg Consulting Us Llc | 12/30/22 | $793,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $436,173 |
| Dividends & Interest | $37,559,623 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $502,698,309 |
| Capital Gain Net Income | $519,486,563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $111,414,523 |
| Total Revenue | $652,108,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,127,583 |
| Other employee salaries and wages | $36,192,065 |
| Pension plans, employee benefits | $6,426,780 |
| Interest | $0 |
| Taxes | $18,099,290 |
| Depreciation | $2,923,726 |
| Occupancy | $775,817 |
| Travel, conferences, and meetings | $3,929,773 |
| Printing and publications | $5,156 |
| Other expenses | $6,591,985 |
| Total operating and administrative expenses | $94,632,189 |
| Contributions, gifts, grants paid | $560,389,257 |
| Total expenses and disbursements | $655,021,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $28,053,531 |
| Net Accounts receivable | $5,727,758 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,919,604 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,657,245,899 |
| Net Land, buildings, and equipment | $26,452,540 |
| Other assets | $39,974,642 |
| Total assets | $12,779,109,242 |
| Accounts payable and accrued expenses | $17,877,976 |
| Grants payable | $244,111,340 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $61,330,851 |
| Total liabilities | $323,320,167 |
Grants Awarded
Over the last fiscal year, William & Flora Hewlett Foundation has awarded $804,846,966 in support to 2,434 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES COALITION FOR DEVELOPMENT & ENVIRONMENT PURPOSE: FOR PROMOTING INCLUSIVE PUBLIC EXPENDITURE POLICIES AND ACCOUNTABILITY FOR WOMEN AND YOUTH IN UGANDA | $600,000 |
ART FOUNDATION PURPOSE: FOR THE 2022 50 ARTS COMMISSIONS FOR MEDIA ARTS | $150,000 |
ADVOCATES FOR YOUTH PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
AFRICAN AMERICAN FEDERAL EXECUTIVES ASSOC INC PURPOSE: FOR GENERAL OPERATING SUPPORT | $75,000 |
AFRICA FREEDOM OF INFORMATION CENTRE PURPOSE: FOR A PROGRAM TO SUPPORT OPEN PUBLIC CONTRACTING IN EAST AND WEST AFRICA | $120,000 |
AFRICA DIGITAL RIGHTS HUB PURPOSE: FOR GENERAL OPERATING SUPPORT | $250,000 |